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The office of state Treasurer Ron Crane received a clean bill of health in a new management audit released late last week by Idaho’s state auditor’s office. The new review, which covers fiscal years 2011 through 2013, is a turnaround from the previous three-year report, which highlighted three concerns that state auditors reported to the Idaho attorney general. They were related to gas card purchases, staff time and state funds supporting a program that wasn’t specifically authorized by the Legislature as well as travel costs for annual bond rating trips to New York, including the use of stretch limos to transport Idaho’s delegation there.
BOISE – Deborah Silver, the Twin Falls accountant who’s challenging four-term Idaho Treasurer Ron Crane, is calling on Crane to release a full review of questioned investment transactions. “What else does he have to hide?” Silver asked. “Idaho taxpayers deserve the truth from their state treasurer.”
Deborah Silver, the Twin Falls accountant who’s challenging four-term Idaho state Treasurer Ron Crane, is calling on Crane to release a full review of questioned investment transactions to state auditors. “What else does he have to hide?” Silver asked. “Idaho taxpayers deserve the truth from their state treasurer.” Crane maintains he’s released all the information he can, but Idaho’s state auditor’s office, in an audit report released at the end of June, said it still hadn’t received documentation showing that Crane’s office has reviewed all potentially problematic transactions, after news of one surfaced in which a state investment pool lost millions when Crane’s office reallocated assets between it and a local government investment pool.
BOISE – In his 16 years as Idaho’s state treasurer, Ron Crane has built up the state’s credit rating, launched a popular college savings program and a free annual control-your-finances conference for women, and helped create a bond bank that lets schools and local governments take advantage of the state’s favorable interest rates. But he’s best known for a series of critical state audits over the past five years, the most recent suggesting that Crane made an inappropriate transfer between two funds that cost state taxpayers more than $10 million.